News has emerged from Seoul that Korea First Bank (KFB), in which private equity fund Newbridge Holdings owns 50.9%, has requested proposals for its third cross-border MBS of 2004. According to bankers familiar with the RFP, 12 banks were asked to pitch for a $500 million transaction, with bids due in by the end of Sept. 14.

The banks are: Bank of America, Calyon, Citigroup Global Markets, Credit Suisse First Boston (CSFB), Deutsche Bank, ING, JPMorgan, Lehman Brothers, Merrill Lynch, Societe Generale, Standard Chartered and UBS.

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